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Shopping lenders; a few questions

Hi there! I am looking to buy a home in Sacramento and plan to make an offer on one tomorrow. I have already closed on the sale of my current (or “previous” now, I suppose) home, so I have down payment money ready to go, no contingencies, etc. I am technically renting back from the buyers. Per the contract, I absolutely have to be out by November 15.

Over the last month, I was approved by a lender, made an offer on a different home, and had the offer accepted, but ultimately backed out due to the inspection findings.

The home I’m planning to offer on tomorrow is much newer and visibly in better shape, so I don’t foresee as many issues as the home I originally made an offer on.

All that said, I realized that in the heat of the moment, I failed to shop lenders; I basically went with the guy my realtor initially recommended and called it a day. Now, I’m curious if I have enough time to shop around a bit. I did some research and saw mostly good things about Mutual of Omaha and Guild Mortgage, so I submitted loan applications to both. However, it occurred to me I might be wasting my time as it’s sort of down to the wire (I have 45 days until I have to be out of my current house) and I might be stuck with the lender with whom I’m already working.

Apologies for the lengthy post; appreciate any input!

submitted by /u/BadBadUncleDad
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1nu58rx/shopping_lenders_a_few_questions/
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